Law Debenture Corp PLC Net Asset Value(s) (2758P)
October 15 2021 - 9:08AM
UK Regulatory
TIDMLWDB
RNS Number : 2758P
Law Debenture Corp PLC
15 October 2021
The Law Debenture Corporation p.l.c.
Net Asset Value as at 14 October 2021
The Law Debenture Corporation p.l.c. announces that its Net
Asset Value ("NAV") with borrowings at par and including the fair
value of IPS business(1) on 14 October 2021 was 814.01 pence per
share (cum income) which excludes the proposed 2021 second interim
dividend of 6.875 pence per share as the shares went ex-dividend on
07 October 2021. With the Corporation's long term debt stated at
fair value, the NAV was 781.74 pence per share (cum income). The
mid-market price at the close of business on 14 October 2021 was
756.00 pence per share. The second interim dividend will be paid on
28 October 2021 to shareholders on the register at the record date
of 08 October 2021.
Net Asset Value Excluding Income (pence) Including Income (pence)
NAV with debt at par 796.20 814.01
------------------------ ------------------------
NAV with debt at fair value 763.93 781.74
------------------------ ------------------------
Performance
YTD 1 year 3 years 5 years 10 years
% % % % %
NAV total return (with debt at par) (2) 20.2 43.5 41.1 60.0 198.8
------------------------------------------- ---- ------ ------- ------- --------
NAV total return (with debt at fair value)
(2) 23.4 48.4 40.0 62.2 190.1
------------------------------------------- ---- ------ ------- ------- --------
FTSE Actuaries All-Share Index Total
Return (3) 15.0 27.2 18.7 31.4 108.7
------------------------------------------- ---- ------ ------- ------- --------
Share price total return (3) 12.8 46.3 49.7 77.1 204.5
------------------------------------------- ---- ------ ------- ------- --------
Change in Retail Price Index (4) 4.1 4.8 8.2 16.0 30.2
------------------------------------------- ---- ------ ------- ------- --------
(1) The fair value of the IPS business has been calculated as at
30 June 2021 and was published as part of the half year results
announcement on 29 July 2021.
(2) NAV is calculated in accordance with the Association of
Investment Companies (AIC) methodology, based on performance data
held by Law Debenture including fair value of IPS business and
long-term borrowings. NAV is shown with debt measured at par and
with debt measured at fair value.
(3) Source: Refinitiv.
(4) Source: Office for National Statistics, subject to latest
published RPI, August 2021.
In accordance with listing rule 15.6.8, The Law Debenture
Corporation p.l.c. announces that it has no investments in other UK
listed investment companies that require to be disclosed.
Released by The Law Debenture Corporation p.l.c., 8th Floor, 100
Bishopsgate, London, EC2N 4AG (contact Alison Skerritt, Company
Secretariat, 020 7606 5451).
The Law Debenture Corporation p.l.c. LEI number -
2138006E39QX7XV6PP21
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END
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